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Chapter 1 Vocab A

Horizontales
Things you want to accomplish
Expensive items that are not purchased often (car)
A physical item that is produced and can be weighed or measured
Arranging to spend, save, and invest money to live comfortably
A task that a person or machine performs for you
Cannot be touched--love, health, relationships
Verticales
Purchases made often and use up quickly (soap)
Beliefs and principals you consider important, correct & desirable
Is a trade-off or what is given up when making one choice instead of another
Something you desire, but do NOT need in order to survive
Ability to easily convert financial assets into cash without loss in value
Needed to survive: food, shelter, clothing